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Since those days ("£5.40"), RKH now have 582m shares in issue,....no longer, does RKH just have the Sea Lion Oil Discovery,.....RKH also has, all of the old DES & FOGL acreages now,.....I see Sea Lion, as the start of Falklands oil development, although I originally bought back into RKH, for the arbitration result, I have since changed strategy, I'm now holding RKH (also BOR & ARG), for the full development, of the Falklands Oil Industry.
My change of strategy, makes it much easier for myself, to hold our full RKH shareholdings, for the arbitration result.
Those are my thoughts, PennyorPound.
BW
Nicely put, VeryHappyBunny,....EOG, has a nicely balanced portfolio, ( https://youtu.be/dXDiKBhQSAo ),.....looks like Morocco, could me massive, ( https://www.europaoil.com/wp-content/uploads/2022/06/220609_EOG-The-full-package.pdf ),....Inishkea drill-ready ( https://www.europaoil.com/wp-content/uploads/2022/07/20220706-Proactive-FINAL.pdf ),....producer,....I'm happy, to be an EOG shareholder.
BW
Agree Tovoc,...I was initially holding, mainly for the Inishkea prospect in FEL 4/19 in the Slyne basin, near the Corrib gasfield,....not any more, Wressle has performed much better than I had anticipated, plus the outlook at Wressle, as you have referred to, is looking very good, (IMO).
I will now hold, for Wressle alone,....looking forward, to our Serenity drill.
BW
All we can do, is back our judgment, darren123,.....for myself, I had been averaging our HUM Gross Average s/p up,....selling the final tranche on 11/07/2022, emptying our trading account (last sale at s/p@9.56p) of HUM shares ,....but retaining our Core HUM (ISA) shareholdings, resulting in a Gross Average s/p@55.66705p, leaving me plenty of head room, to average our HUM back down, with the Funds released from sales of HUM shares in the trading account,.....I started to average back down Friday, reducing our current HUM Gross Average s/p@36p exactly, I did consider reducing our Gross Average HUM s/p down to 13p level on Friday, but decided a cautious approach was best.
BW
The sound of silence, springs to mind.
Tune: https://youtu.be/NAEppFUWLfc
BW
Not long to wait, for the end of 2022;-
Extract,
"The Company has a number of significant
‘growth catalysts’ between now and the
close of 2022 that might bring about a
transformational leap forward in its size
and revenue generation. This is especially
the case in respect of our long-held
business development objectives in the
Republic of the Congo, where we expect to
be awarded a new 25-year licence for the
Tilapia oilfield, as well as in other
jurisdictions where the Company is
reviewing potential acquisition
opportunities."
Source: https://www.zenithenergy.ca/wp-content/uploads/2022/07/Newsletter-August-2022.pdf
Thanks for posting link, Hedgehog100.
BW
Inishkea gas prospect,...news on existing Licence;-
Extract,
"On 7 August 2019, Europa announced the award of FEL 4/19, the terms of which are standard and include:
· Validity for 15 years, commencing on 1 August 2019; and
· Division into four phases, the first of which ends on 31 July 2022."
Source: https://www.londonstockexchange.com/news-article/EOG/fel-4-19-status-of-licence/15561762
Interview dated July 6th 2022: https://youtu.be/dXDiKBhQSAo
Article dated July 07, 2022
"Jobs could be safeguarded with renewed interest in gas prospects in Mayo"
Source: https://westernpeople.ie/2022/07/07/jobs-could-be-safeguarded-with-renewed-interest-in-gas-prospects-in-mayo/
Very relaxed with our EOG shareholdings, myself,....looking forward, to the Serenity drill.
Have a good weekend, all here.
BW
Hoping to test both horizons, with a single drill ( https://www.proactiveinvestors.co.uk/companies/news/988161/kavango-resources-gets-economic-justification-for-pursuing-exploration-at-great-red-spot-project-988161.html ),...."Great Red Spot",.....that's, what I have started buying KAV shares for,....massive target, for a company with a tiny Market Cap of £9m approx,....thanks for link, Troajan.
BW
Good to see, COBR have the confidence, to increase their acreage, at this stage;-
Extract,
"EL 6806 complements the Company's existing strategy, with the newly acquired ground considered highly prospective for gold and clay hosted rare earth mineralisation."
Source: https://www.londonstockexchange.com/news-article/COBR/exploration-tenement-granted/15553631
BW
Yes, excellent news ( https://www.londonstockexchange.com/news-article/RKH/sea-lion-update/15555754 ), SpaceHoppa,......with the arbitration result, getting closer, day by day.
BW
I see we had an RNS there today (RKH have just been granted, a two-year licence extension, to all the licences held in the North Falkland Basin, until 1 November 2024), donalb,.....to receive some positive news on barryroe oil field, would be good.
BW
Thanks for posting interview link ( https://twitter.com/StockBoxMedia/status/1551207156120272899?t=ArLgrWf1mug1z9TUOUdHAQ&s=19 ), Kalasin50,....I would have missed that, as I only use this site,....excellent interview.
BW
Your welcome, donalb,....when I last looked, Brent Crude was $103.20 per barrel,....at that price per barrel, with RKH existing Sea Lion discovery, plus all of their acreage (which now includes, the old DES & FOGL acreages),....RKH Sea Lion discovery, break even is $40 per barrel, from memory,....I now believe, even the highest arbitration award, that has been mentioned, could be dwarfed, by the potential value, of Sea Lion plus all of RKH acreages, (although, originally I bought back into RKH, for the arbitration result),....PVR are not in arbitration at present, therefore there is no potential arbitration award to consider,......the existing barryroe oil field, plus the potential gas & barryroe deep, has had Funds spent in good faith, on bringing it to the current day position.
BW
I agree with you ("I have always said when one arrives, others follow"),......once Sea Lion development is underway, interest in all three (BOR, RKH & ARG) will increase (IMO),....which is why, we hold shareholdings, in all three (BOR, RKH & ARG),....with BOR current Market Cap of just £16m, there is a lot on offer here at BOR, I have always liked the BOR acreage.
BW
I would have thought, there are many eyes on the RKH arbitration case, which is a no win no fee,.....we (we are also holding RKH shareholdings) were expecting, the RKH arbitration result, by the end of July last year (2021),....if RKH had lost, I see no reason why, the defence held up the result last year,....I agree with you ("Menton will not sue",...before RKH arbitration result is known),.....it's why we also hold PVR & LOGP shareholdings.
BW